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Top 10 business headlines: Angel tax row, R Power vs Edelweiss, and more



India February 11(IM): In the danger zone: Why regulating drones is a policy challenge for India

If you thought disruption of flights due to sightings of drones was a problem only for Heathrow and Gatwick airports in the UK or Newark in the US, think again. With over an estimated half a million commercial drones already in the Indian skies — roughly a ratio of 700 to a single aircraft — the risk of drones to airplanes could be as serious as in developed countries.

Amazon puts on hold plans to buy stake in Kishore Biyani's Future Group

Global online marketplace giant Amazon has indefinitely put on hold its plans to buy stake in Kishore Biyani’s Future Group, it is learnt. According to sources in the know, Amazon is also reassessing the More retail chain stake buy, as it is at the moment unsure of India’s retail climate.

Angel tax row: Govt seeks to soften the blow for start-up businesses

The revenue department has stepped in to address the concern of start-ups about harassment by the income tax department. The complaints relate to money being debited from frozen bank accounts of at least two start-ups.

Defence modernisation budget rises just 5% each year in real terms

A Business Standard analysis of defence capital allocations, the crucial component of the defence budget that buys new weapons and equipment, reveals that it has risen by barely 5 per cent in real terms each year, in the last decade. This is after accounting for inflation and foreign exchange rate variation (FERV).

Reliance Power wants Sebi to ban Edelweiss from trading in stock markets

The strongly worded letter is dated February 6. It asks the regulator to issue a “cease and desist” instruction from engaging in “market abuse”, which allegedly led to its share price plunging 57 per cent in two days.

How brokers are using AI and ML to offer tailor-made stock advice

Artificial intelligence (AI) and Machine Learning (ML) are the new buzzwords in the broking community. Large brokers are using these technologies to help their customers make investing decisions and get personalised services of the kind offered by e-commerce giants such as Amazon and Flipkart.

Explained: Why offshore rupee market is gaining importance for RBI

The Reserve Bank of India (RBI) is having second thoughts on its currency intervention strategy and may include offshore non-deliverable forwards (NDF) markets in its field of operations. This is to torpedo the activities of speculators dragging the rupee to record lows.

KKR, General Atlantic may invest in PhonePe

Private equity (PE) firms KKR & Co. and General Atlantic LLC have expressed interest in investing in Flipkart’s digital payments arm, PhonePe Pvt. Ltd, according to Livemint report.

Delhi to get fast-charging e-vehicle stations by next month

The government is setting up infrastructure for charging electric vehicles (EVs) in some busy areas of the Capital where cars can be recharged for as low as Rs 30 for a 15-minute top-up, according to The Economic Times report.

State-run banks spurn risky lending to conserve capital

The Reserve Bank of India (RBI), in its Monetary Policy last week, tweaked norms for risk-weights on bank loans to NBFCs in a bid to free up capital for lending. But many public sector banks (PSBs) may well choose to shore up their capital ratios rather than grow their loan books, according to The Hindu BusinessLine report.

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